BUSINESS BRIEFS: Carmela Elco appointed to the Retirement Advisory Council

Tuesday, December 18, 2012

BOYERTOWN — National Penn Bancshares Inc. (Nasdaq:NPBC) announced today that Carmela Elco, president of RESOURCES for Retirement, a division of National Penn Capital Advisors Inc., has been appointed to the Retirement Advisory Council. The Council advocates for successful qualified plan and participant retirement outcomes through the collaborative efforts of experienced, qualified retirement plan advisors, investment firms, asset managers, and service providers.

The Retirement Advisory Council board reviewed and unanimously approved Elco’s nomination at an Oct. 24 meeting in Chicago after a review process that took into consideration the size of RESOURCES, her dedication to the retirement plans business and contribution to thought leadership in the industry.

“We congratulate Carmela on this appointment and we are confident she will provide valuable insight to the Retirement Advisory Council,” said Eric Henon, executive director of the Retirement Advisor Council. “She will bring a wealth of experience, knowledge, and a proven commitment to the Council.”

Elco’s role on the Retirement Advisory Council will include initiatives in research, public relations and promotion, general public education, regulatory positions, and practice management. As president of RESOURCES for Retirement, Elco heads a 401k plan advisory firm that specializes in fund evaluation, fee negotiations, unbiased participant education, vendor selection, and benchmarking.

Elco began her career with RESOURCES as vice president of client services where she was responsible for the investment advisory services and worked closely with clients. In 2008, she testified before the U.S. Department of Labor’s ERISA Advisory Council on the topic of Target Date Fund analysis. Her testimony was used to craft DOL recommendations on best practices for plan sponsors on the evaluation and analysis of target date funds within company sponsored retirement plans.

Elco’s term with the Retirement Advisory Council will officially begin on Jan. 1, 2013.

National Penn Bancshares Inc., with approximately $8.4 billion in assets, is a bank holding company based in Boyertown. National Penn operates 120 branch offices comprising 119 branches in Pennsylvania and one branch in Maryland through National Penn Bank and its KNBT and Nittany Bank divisions.

Chronowski is a project geologist in RETTEW’s geosciences division at the company’s Lehigh Valley office. He is responsible for overall management and leadership of geosciences team members in the Lehigh Valley and Williamsport offices, ensuring quality design and implementation of remedial site investigations for public- and private-sector clients. Chronowski brings 23 years of experience in environmental consulting, and is well-versed in federal and various state regulations and permitting procedures. He has used his expertise to create and execute training programs for project managers and field staff. Chronowski has a bachelor’s degree in geological sciences from Penn State University, and is a member of the American Society of Highway Engineers and the Pennsylvania Council of Professional Geologists. He resides in East Vincent Township.

RETTEW, ranked 166 in 2012 on Engineering News-Record’s annual list of top 500 design firms, began in 1969 as a single-person office. Today RETTEW has more than 400 employees and 11 total offices in Athens, Lancaster, Lehigh Valley, Mechanicsburg, Pittsburgh, Schuylkill Haven and Williamsport, Pa; Canton, Ohio; Delhi and Liberty, N.Y.; and Denver, Colo. For more information on any of RETTEW’s services, call 1-800-738-8395 or visit www.rettew.com.

A.D. Moyer recognizes six employees for 25 years of service

GILBERTSVILLE — A.D. Moyer Lumber recently recognized six employees for 25 years of service. Third-generation co-owners Scott and Terry Moyer acknowledged the silver anniversary of thes employees during a company meeting, presenting each with a gift certificate and an engraved watch commemorating the milestone. Recipients included Cory Hoffman, Brian Johnson, Ross Geiger, Dave Hughes, Mark Bowman and Chester Whisler.

“We are proud and consider ourselves very fortunate as a company to have employed a significant number of individuals for 25 years and more,” said Scott Moyer. “There is no doubt their extensive experience, contributions and dedication are essential to the quality of service and top industry knowledge that we are able to provide to our customers on a daily basis, year after year.”

Other employees who surpassed the quarter-century mark in recent years are Jeff Kovacs, Luann Zambanini, Brian Moyer and Glenn Moyer. In addition Brian Schlegel, Rick Youse, Jack Peterman and Bonnie Kuser have each eclipsed 35 years of service with the company.

Factoring in the tenure of these 14 individuals, current employees at A.D. Moyer average a respectable 17 years each in the industry.

Among the newest full-time staff members are the fourth generation of family helping to guide the business into its 74th year of operation. Terry’s son, Alex, works at the Pottstown store while Scott’s sons, Clint and Doug, are employed at the Gilbertsville location.

A.D. Moyer Lumber & Hardware Inc. is a family-owned and operated business with locations in Gilbertsville and Pottstown that has been serving the tri-county area with quality building materials since 1939. For more information, visit www.admoyer.com or call 610-367-2036.